Melar Acquisition Corp. I has scheduled a special shareholder meeting for June 16, 2026 at the offices of Ellenoff Grossman & Schole LLP in New York. The meeting is intended in part to satisfy Nasdaq’s annual shareholder meeting requirement.
Shareholders who wish to bring business before the Special Meeting must deliver proposals to the company’s New York office no later than May 14, 2026, and such proposals must comply with Cayman Islands law, SEC rules and the company’s amended and restated charter. Only business set out in the definitive proxy statement may be transacted, and the terms of the Class I directors will not expire at this meeting.
Karpus Management, Inc. reports beneficial ownership of 988,505 shares of Melar Acquisition Corp. I/Cayman common stock, representing 4.57% of the class. The filing states Karpus has sole voting and dispositive power over the 988,505 shares and that this ownership is held directly in accounts managed by Karpus.
The amendment notes Karpus is a New York registered investment adviser controlled by City of London Investment Group plc but that "effective informational barriers" exist so Karpus exercises voting and investment power independently. The filing is signed by the Chief Compliance Officer on 04/07/2026.
Melar Acquisition Corp. I entered into third amendments to two key promissory notes tied to its pending business combination with Everli Global Inc.. The secured Everli Note and the Sponsor Note were each increased to an aggregate principal amount of up to $3,611,111.
The amended Sponsor Note, issued to Melar Acquisition Sponsor I LLC, is treated as a direct financial obligation of Melar and was issued under a private offering exemption. These financing changes support the transaction structure while Melar and Everli prepare a Form S-4 registration statement for shareholder approval of the business combination.
W. R. Berkley Corporation, through its subsidiary Berkley Insurance Company, reports beneficial ownership of 868,489 Class A ordinary shares of Melar Acquisition Corp. I, representing 5.4% of this share class as of the reported date.
The shares are held with shared power to vote and dispose, with no sole voting or dispositive power reported. The filer certifies the position was acquired and is held in the ordinary course of business and not for the purpose of changing or influencing control of Melar Acquisition Corp. I.
Melar Acquisition Corp. I reported that it and Everli Global Inc. have submitted a draft registration statement on Form S-4 to the SEC. The filing relates to their previously announced Agreement and Plan of Merger, under which Everli will combine with Melar through a business combination structure.
The Form S-4 will include a proxy statement for Melar shareholders and a prospectus for Melar securities to be issued in connection with the transaction. Once the registration statement is declared effective, a definitive proxy statement/prospectus will be mailed to Melar shareholders of record to solicit votes on approving the business combination.
Melar Acquisition Corp. I reported amendments to two key promissory notes that increase its available borrowing capacity. The company’s secured promissory note and pledge agreement with Everli Global Inc. and a pledging stockholder, originally for up to $1,000,000, was amended on September 12, 2025 to raise the aggregate principal amount to up to $1,250,000. On the same date, Melar also amended its existing promissory note with its sponsor, Melar Acquisition Sponsor I LLC, increasing that note’s aggregate principal amount from up to $1,000,000 to up to $1,250,000. The sponsor amendment creates a direct financial obligation for the company and was issued under the private offering exemption in Section 4(a)(2) of the Securities Act.
Meteora Capital, LLC and its managing member Vik Mittal report beneficial ownership of 1,110,289 Class A ordinary shares of Melar Acquisition Corp. I, representing 6.94% of the class. The stake is reported on a Schedule 13G, indicating the holdings are held by funds and managed accounts for which Meteora Capital serves as investment manager.
The filing shows shared voting and shared dispositive power over the shares and records no sole voting or dispositive authority. The statement certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.
Amendment No. 1 to Schedule 13G shows that First Trust Capital Management L.P. ("FTCM") and its control persons, First Trust Capital Solutions L.P. and FTCS Sub GP LLC, beneficially own 1,429,900 Class A Ordinary Shares of Melar Acquisition Corp. I (CUSIP G6004G100) as of 30 Jun 2025. The holding equals 8.94 % of the outstanding class, crossing the SEC’s 5 % reporting threshold. FTCM, a registered investment adviser, manages the shares on behalf of multiple client accounts and retains sole voting and dispositive power over the entire stake; the affiliated entities are deemed owners solely through their control of FTCM and do not hold shares directly. The filing, made under Rule 13d-1, certifies the position was acquired in the ordinary course of business and is not intended to influence control of the issuer. No other party is entitled to dividends or sale proceeds, and the Reporting Persons disclaim membership in a group. The disclosure signals a sizeable passive institutional position in Melar Acquisition Corp. I ahead of any potential business-combination activity.